Invinity Energy Sys - Completion of £57m Fundraising
Announcement provided by
Invinity Energy Systems plc · IES24/05/2024 08:55
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24 May 2024
Invinity Energy Systems plc
("Invinity" or the "Company")
Completion of
Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage, is pleased to announce that all conditions of the Fundraising set out in the Company's announcement of 1 May 2024 have now been met, and the Fundraising has therefore now completed, raising total gross proceeds of
Admission to trading on AIM and AQSE of the 6,011,983 Open Offer Shares, 121,739,130 Placing Shares, and 121,739,130 Subscription Shares (together the "Fundraising Shares") occurred at 8.00 a.m. this morning.
Following the issue of the Fundraising Shares, the issued ordinary share capital of the Company comprises 440,557,550 Ordinary Shares of
Other than where defined, capitalised terms in this announcement have the meanings given to them in the Announcement released by the Company at 4.44 p.m. (
Stay up to date with news from Invinity. Join the distribution list for the Company's monthly investor newsletter here.
Enquiries:
Invinity Energy Systems plc |
+44 (0)20 4551 0361 |
Jonathan Marren, Chief Financial Officer and Chief Development Officer Joe Worthington, Director of Communications |
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Canaccord Genuity (Nominated Adviser and Joint Broker) |
+44 (0)20 7523 8000 |
Henry Fitzgerald-O'Connor / Harry Pardoe / Ana Ercegovic |
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VSA Capital (AQSE Corporate Advisor, Financial Adviser and Joint Broker) |
+44 (0)20 3005 5000 |
Andrew Monk / Andrew Raca |
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Tavistock (Financial PR Advisor) |
+44 (0)20 7920 3150 |
Simon Hudson / Saskia Sizen / Adam Baynes |
Notes to Editors
Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF) manufactures vanadium flow batteries for large-scale, high-throughput energy storage requirements of business, industry and electrical networks.
Invinity's factory-built flow batteries run continually with no degradation for over 25 years, making them suitable for the most demanding applications in renewable energy production. Energy storage systems based on Invinity's batteries are safe, reliable, and economical, and range in size from less than 250 kilowatt-hours to tens of megawatt-hours.
Invinity was created in April 2020 through the merger of two flow battery industry leaders: redT energy plc and Avalon Battery Corporation. With 75 MWh of systems already deployed or contracted for delivery across 82 sites in 15 countries, Invinity is active in all major global energy storage markets and has operations in the
To find out more, visit invinity.com, sign up to our monthly Investor Newsletter here or contact Investor Relations on via +44 (0)20 4551 0361 or ir@invinity.com.
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